Top 9 Management institute in Maharashtra as per NIRF Ranking 2024 | IIT EXPERT |

Top 9 Management institute in Maharashtra as per NIRF Ranking 2024 | IIT EXPERT |



On August 12, the Ministry of Education released the 2024 edition of the National Institutional Ranking Framework (NIRF), marking its ninth annual publication. This framework assesses higher education institutions in India based on five key parameters: Teaching, Learning, and Resources (TLR); Research and Professional Practices (RPC); Graduation Outcomes (GO); Outreach and Inclusivity (OI); and Perception (PER).
In the management category, the Indian Institute of Management Ahmedabad has secured the top rank.However, today, we will discuss Maharashtra’s performance in this category. This year, nine institutions from the state have made it onto the list. Among these, two institutions are in the top 10: the Indian Institute of Management Mumbai at number 6 and the Indian Institute of Technology Bombay at number 10.
Let’s check out the full list here:

Name of the institute
Ranking
Score
Fees
Indian Institute of Management Mumbai 6 74.73 Approximately Rs. 21 lakh (MBA full course)
Indian Institute of Technology Bombay 10 67.16 Approximately Rs 5 lakh (MBA first year)
Symbiosis Institute of Business Management 13 65.13 Approximately Rs 10 to 14 lakh (MBA first year)
S. P. Jain Institute of Management and Research 20 60.97 Approximately Rs 24 lakhs (MBA full course)
SVKM’s Narsee Monjee Institute of Management Studies 21 60.96 Approximately between Rs. 6.5 Lakh to Rs. 11 lakh (MBA first year)
Indian Institute of Management Nagpur 31 56.94 Approximately Rs 18.9 lakh (MBA full course)
K J Somaiya Institute of Management Studies and Research 63 49.66 Approximately Rs. 10 lakh (MBA first year)
Prin. L.N. Welingkar Institute of Management Development and Research (PGDM) 84 46.53 Approximately Rs. 9 lakh (First year of PGDM )
National Institute of Bank Management 91 44.85 Approximately Rs 8.5 lakh (First year of PGDM)

Why should you choose Maharashtra for Management courses?

This year, in the NIRF Ranking list for Management, nine institutes from Maharashtra have been featured, marking it as one of the states with the highest representation. Notably, the Indian Institute of Management Mumbai secured the 6th rank, followed by the Indian Institute of Technology Bombay at the 10th rank, and the Symbiosis Institute of Business Management at the 13th rank.
Let’s take a look at the placement records of these prestigious institutes for the academic batch of 2022-23:

  • Indian Institute of Management Mumbai: In the PG (2 Years Program), 490 students graduated within the minimum stipulated time, with a median salary of Rs. 25.8 lakh.
  • Indian Institute of Technology Bombay: In the PG (2 Years Program), 115 students graduated within the minimum stipulated time, with a median salary of Rs. 26.6 lakh.
  • Symbiosis Institute of Business Management: In the PG (2 Years Program), 180 students graduated within the minimum stipulated time, with a median salary of Rs. 24 lakh.

Why do students opt for management courses?

There are several reasons why students go for management courses, some of them are mentioned below:

  • Lucrative career opportunities: Management degrees, especially MBA programmes are seen as gateways to high-paying jobs in different sectors like finance, consulting, marketing, etc.
  • Entrepreneurial goals: Several students opt for management courses to gain the necessary skills and knowledge to start and run their own businesses. Management programmes provide insights into business strategy, leadership, and innovations that are necessary for entrepreneurial success.
  • Career growth: Management courses provide students with a broad skill set that includes leadership, strategic thinking, problem solving, etc. For those who are already working, pursuing a management degree leads to career advancement, promotions, etc.

*Please note that the fees mentioned above are approximate ranges, and the actual fees of these colleges may vary. Therefore, students are advised to visit the official website of the respective colleges for more detailed and accurate information.





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